A Harvard study has shown that auditors tend to report more accurately when they are hired by a third party to audit a company (i.e., when they are not employees of the companies they are auditing). True False Question 26 (4 points) Saved Some business people argue that bribes to foreign companies should be allowed, because forbidding overseas bribery prevents a "level playing field" for U.S. companies versus companies whose governments accept or encourage giving bribes. Your author, however, argues against this by noting that a) This reasoning can be a way of rationalizing conduct that is morally indefensible b) It would not produce the greatest net utility. Question 2 (4 points) The concept of an "insider" can be difficult to define. How is this defined by the Securities and Exchange Commission (SEC)? a) A person who buys or sells stock based on sensitive or confidential information that has been "misappropriated." b) Anybody who invests in a company but also works for that company. Oc) Anybody who invests in a company but works for, or who is related to someone who works for, the company. d) Stockbrokers and financial advisors who invest themselves but who d not advise their clients about those stocks